ModSpace Selects SunGard’s Ambit Leasing & Asset-Based Finance Solution to Help Improve Business Processes Efficiency

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Modular Space Corporation (ModSpace), a leading provider of modular buildings and storage, has selected SunGard’s Ambit Leasing & Asset Based Finance solution*, a Web-based, end-to-end leasing and asset management solution.

SunGard's Ambit solution will help us reduce the number of systems we use, automate key processes, and create a platform that will allow us to better serve our customers. It will also help support our extensive originations and inventory requirements.

Modular Space Corporation (ModSpace), a leading provider of modular buildings and storage, has selected SunGard’s Ambit Leasing & Asset Based Finance solution*, a Web-based, end-to-end leasing and asset management solution. ModSpace is a leading provider of modular building, storage and services for temporary or permanent space needs in North America. ModSpace will use the Ambit solution to help consolidate existing legacy technology and support its originations, contract management and asset management operations.

Charles Paquin, president and chief executive officer at ModSpace, commented, “SunGard’s Ambit solution will help us reduce the number of systems we use, automate key processes, and create a platform that will allow us to better serve our customers. It will also help support our extensive originations and inventory requirements.”

Dave Barrett, president of SunGard’s Ambit corporate banking business unit, said, “While the lease financing business is growing worldwide, many firms across geographies and business lines are still struggling with outdated technology and manual processes. SunGard’s Web-based Ambit Leasing & Asset Based Finance solution provides automation, centralization and complete end-to-end leasing and asset management functionality to help firms streamline financing operations and improve efficiencies.”

  • SunGard’s Ambit Leasing and Asset-Based Finance solution is based on 42, an asset finance, fleet management, and consumer credit system.

About ModSpace
Modular Space Corporation (ModSpace), based in Berwyn, PA, is a leading provider of modular building, storage and services for temporary or permanent space needs. Building on nearly forty years of experience, ModSpace serves a diverse set of customers and markets - such as construction, commercial, education, industrial, healthcare, and government - through an extensive nationwide branch network throughout the United States and Canada. Offering a full range of site solutions and service options from furniture and steps to storage and wireless security, ModSpace provides everything needed for accessibility, protection, comfort and productivity in a modular unit. Additionally, MedBuild, a division of Modular Space Corporation, provides state-of-the-art medical facilities to the healthcare industry with complete turnkey capabilities. For more information, visit http://www.ModSpace.com.

About Ambit
SunGard’s Ambit is a banking solution suite for retail, commercial and private banks. It provides banking professionals with solutions that support front-, middle- and back-office operations, as well as solutions for financial management, risk and compliance. Ambit helps banks improve customer service management, streamline business processes, comply with regulations and capture growth opportunities. For more information, visit http://www.sungard.com/ambit.

About SunGard
SunGard is one of the world’s leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 435 on the Fortune 500 and is the largest privately held business software and IT services company.

Trademark Information: SunGard, the SunGard logo and Ambit are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Toby West

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